PEDEVCO Announces 1-for-20 Reverse Stock Split

PEDEVCO announced that it will conduct a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-20. The Reverse Stock Split is expected to become effective on March 13, 2026 at 12:01 a.m. EDT, with shares expected to begin trading on the NYSE American on a split-adjusted basis at market open on March 13, 2026. The primary goal of the Reverse Stock Split is to reduce the number of outstanding shares and proportionately increase the per-share trading price, resulting in a more streamlined capital structure following the Company's recently completed transformative merger with certain portfolio companies controlled by Juniper Capital Advisors, L.P. The Board believes this action will enhance the Company's capital markets profile, improve the clarity and consistency of per-share metrics, and better position the Company with a broader range of institutional investors. As a result of the Reverse Stock Split, every 20 shares of the Company's common stock issued and outstanding as of the Effective Time will be converted into one share of the Company's common stock. No change will be made to the trading symbol for the Company's shares of common stock, "PED", in connection with the Reverse Stock Split, however, the Company's CUSIP number will change to 70532Y402 following the Reverse Stock Split.